Acc 290 Entire Course

ACC 290 ENTIRE COURSE

http://www.hACC 290 WEEK 1

ACC 290 Week 1 ACC 290 Week 1, Week 1 DQ 1 , 2 , 3,

ACC 290 Week 1 summary, ACC 290 Week 1 Individual Assignment Financial Statements Paper A+ Graded with Preview!

Week 1 DQ1 What are the four basic financial statements? What is the primary purpose of each of the four basic financial statements? In your opinion, which financial statement is the most important? Explain why.

Week 1 DQ2 How would the financial statements be useful to managers and employees? How would the financial statements be useful to investors and creditors?

DQ3 What are debits and credits? How are debits and credits used to record business transactions? Why do accountants debit asset accounts to increase them but credit liability accounts to increase them? Why do accountants debit expenses to increase them but credit revenues to increase them?

ACC 290 Week 1 Individual Assignment Financial Statements Paper Prepare a 700 -1,050 word paper in which you identify the four basic financial statements. Describe the purpose of each of the four financial statements. Discuss how the financial statements would be useful to internal users, such as to managers and employees.

Discuss how the financial statements would be useful to external users, such as investors and creditors. Format paper according to APA standards.

Week 1 Summary attached as well!!

Week 2 DQ1

What is accrual accounting? Why do generally accepted accounting principles require accrual accounting? What is the difference between accrual and cash accounting? When might an accountant use cash basis accounting without violating generally accepted accounting principles?

Week 2 DQ2

What is the revenue recognition principle? What is the expense recognition principle? Why are they important to financial reporting?

Week 2 DQ3

What are adjusting entries and why are they necessary? What accounts are subject to adjusting journal entries and why? What are the types of...